Yevgeniy Kandkhorov Of 1 Meridian Realty Represents Buyer In $28 Million Development Site Sale In Long Island City

The property asset involved in the transaction is a development site located at 11-33 44th Drive in Long Island City. The sale price for the asset was $28,000,000, with a total building square footage (BSF) of 80,000, resulting in a price per building square foot (PPBSF) of $350. The asset also features a total square footage (SF) of 20,000, translating to a price per square foot (PPSF) of $1,400.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $28,000,000
• Address: 11-33 44th Drive
• Market: Long Island City
• BSF: 80,000
• PPBSF: $350
• SF: 20,000
• PPSF: $1,400
• Buyer's Representative: Yevgeniy Kandkhorov - 1 Meridian Realty
• Seller's Representative: Matthew McMullen - Greiner-Maltz Real Estate

In this transaction, Yevgeniy Kandkhorov represented the buyer while Matthew McMullen represented the seller, facilitating the agreement on the development site in Long Island City.